Media Walk – New Homes Under Construction Along Wallingford Avenue
There were 10 closed transactions in Wallingford during February which represents a drop of over 50% compared to last year. The average selling price fell 7.1% to $366,450.
Five single family homes sold for an average price of $523,800 during the month and averaged 84 Days On the Market. Last February recorded 14 singles homes selling for an average price of $427,786 and spent an average of 66 Days On the Market.
17 Kershaw Road had the highest selling price of the month at $920,000.
Six listings went under contract during the month – 5 single family homes and 1 townhouse – with an average asking price of $538,583 and an average of 10 Days On the Market.
There are 13 future settlements scheduled – 6 in March, 5 in April, 1 in May, and 1 in June.
Sales year to date are behind the pace of last year by 9 homes, with 31 closed transactions for the first 2 months of 2021 compared to 40 last year. The average selling price of $384,972 is a 15.4% increase compared to last year.
| ADDRESS | TYPE | BED | BATH | PRICE | SETTLED | DOM* |
|---|---|---|---|---|---|---|
| 504 Vernon Street | TWIN | 3 | 2.1 | $395,000 | 02/03/21 | 13 |
| 100 Westminster Drive | SNG | 3 | 2.1 | $393,000 | 02/04/21 | 11 |
| 800 Avondale Road #6G | CONDO | 2 | 2.0 | $135,500 | 02/09/21 | 1 |
| 17 Kershaw Road | SNG | 3 | 3.0 | $920,000 | 02/09/21 | 107 |
| 216 Highland Avenue | SNG | 6 | 4.1 | $500,000 | 02/11/21 | 290 |
| 208 Emerald Lane | TWIN | 3 | 1.1 | $325,000 | 02/12/21 | 9 |
| 719 Pennsylvania Avenue | TWIN | 2 | 1.0 | $65,000 | 02/12/21 | 28 |
| 811 Pine Road | SNG | 3 | 2.0 | $267,000 | 02/16/21 | 8 |
| 616 Morris Lane | SNG | 4 | 2.0 | $489,000 | 02/23/21 | 6 |
| 715 Pennsylvania Avenue | SNG | 3 | 1.1 | $115,000 | 02/23/21 | 22 |
| AVERAGE | $365,450 | 50 |
* DOM = Days On Market
1 of 10 transactions had a Seller Assist:
– 17 Kershaw Road – $9,000
Financing Methods
– Conventional Mortgage – 7 transactions
– Cash – 3 transactions
216 Highland Avenue and 715 Pennsylvania Avenue were reported as Short Sales.
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $523,800 | $489,000 | $267,000 | $920,000 | 84 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $261,667 | $325,000 | $65,000 | $395,000 | 17 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $135,500 | $135,500 | $135,500 | $135,500 | 1 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $115,000 | $115,000 | $115,000 | $115,000 | 22 |
| SALES | AVERAGE | DOM* | % ORIG LIST | % LAST LIST | |
|---|---|---|---|---|---|
| 2020 | 21 | $394,643 | 51 | 94.3% | 94.3% |
| 2021 | 10 | $366,450 | 50 | 99.3% | 99.1% |
| -52.4% | -7.1% | -1.9% | 5.0% | 4.8% |
Wallingford PA Real Estate – Wallingford, PA 19086
